Singapore News - For the first time in three years, a full-scale parade was held at the Safti Military Institute in Jurong to commemorate Singapore Armed Forces (SAF) Day on Friday (July 1). The parade was dropped in 2020 in the light of the Covid-19 pandemic, while last year's version was. Read more at www.tnp.sg
KUALA LUMPUR: The High Court heard that the withdrawal of RM17.9mil from Yayasan Akalbudi funds was a criminal breach of trust because there was no consent from the charity foundation’s board of trustees.
Malaysian Anti-Corruption Commission (MACC) investigating officer Muhammad Fazli Zulkifli, 36, testified yesterday that the withdrawal from the foundation’s Affin Bank account to be transferred into a Maybank account belonging to Messrs Lewis & Co, the foundation’s trustee, was instructed by Datuk Seri Dr Ahmad Zahid Hamidi.
The 93rd prosecution witness was being re-examined by deputy public prosecutor Sazilee Abdul Khairi during the trial of the former deputy prime minister who is facing corruption, abuse of power and money laundering charges involving millions of ringgit in funds from Yayasan Akalbudi.
Published on: Tuesday, March 09, 2021
By: Bernama Ahmad Zahid (centre) arriving at the High Court in Kuala Lumpur.
Kuala Lumpur: The High Court was told Monday that the withdrawal of RM17.9 million from Yayasan Akalbudi funds was a criminal breach of trust because it did not get the consent of the other the charity foundation’s board of trustees.
Malaysian Anti-Corruption Commission (MACC) investigating officer Muhammad Fazli Zulkifli, 36, said the withdrawal of the money from Yayasan Akalbudi’s Affin Bank account to be transferred to a Maybank account belonging to Messrs Lewis & Co, the foundation’s trustee, was instructed by Datuk Seri Dr Ahmad Zahid Hamidi.
KUALA LUMPUR (March 8): A total of RM17.9 million from the coffers of Yayasan Akalbudi was taken out by Datuk Seri Dr Ahmad Zahid Hamidi without the approval of the charity s board of trustees, a Malaysian Anti-Corruption Commission investigating officer told the High Court today.
The officer, Muhammad Fazli Zulkifli, 36, who was in charge of investigating the criminal breach of trust (CBT) charges against Ahmad Zahid, said the former deputy prime minister had used part of the funds to purchase a stake in hotel management firm Ri-Yaz Asset Sdn Bhd.
Fazli, who was on the witness stand last week, testified under oath that out of the RM17.9 million, Ahmad Zahid used RM8.6 million to pay the hotel management firm as a deposit for a share purchase, while the other RM9.3 million was put into fixed deposit accounts.